GBP/CHF

The inflation rate in Germany is expected to be +2.3% in June 2026. It is measured as the change in the consumer price index (CPI) compared with the same month a year earlier. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that consumer prices decreased by 0.3% on May 2026. The inflation rate excluding food and ...

BoE’s Breeden: The main financial stability concern is a step change in agentic AI's cyber capabilities BoE Breeden: AI agents could amplify volatility and stress in markets

In June, the KOF Economic Barometer increases by 2.6 points to a level of 101.2 (after revised 98.6 in the previous month). On the production side, the positive developments are particularly apparent among the indicators within manufacturing. On the demand side, both the indicator bundles for foreign demand as well as for private consumption show a ...

According to preliminary figures from the Federal Statistical Office (Destatis), retail sales in Germany rose by 1.1% in real terms (price-adjusted) and by 1.0% in nominal terms (not price-adjusted) in May 2026 compared to April 2026, after adjusting for calendar and seasonal effects. Compared to the same month of the previous year, May 2025, sales ...

UK real gross domestic product (GDP) is estimated to have increased by an unrevised 0.6% in Quarter 1 (Jan to Mar) 2026, following a revised growth of 0.1% in Quarter 4 (Oct to Dec) 2025. In output terms, growth in the latest quarter was caused by an increase in all three sectors, with the largest contribution from the services sector, which grew by 0.8%. ...

The underlying UK current account deficit, excluding precious metals, narrowed to £15.1 billion, or 1.9% of gross domestic product (GDP) in Quarter 1 (Jan to Mar) 2026; this is a change of £3.2 billion compared with the deficit of £18.2 billion in the previous quarter. The UK current account deficit, including trade in precious metals, narrowed by £5.0 ...

Federal Reserve Chairman Kevin Warsh is wasting little time putting his stamp on the nation's central bank, launching what amounts to a top-to-bottom review of how the Federal Reserve operates as he seeks to restore its credibility after the past five years of inflation running above the Fed's 2% target, The New York Times reports. Just weeks into the job, ...

UK Labour's Andy Burnham: Our plans are consistent with 2024 Labour manifesto. Breaking: Andy Burnham says he will usher in the 'biggest change in our lifetimes to the way the country is run' as he pledges to devolve power from Westminster and Whitehall to mayors and local authorities He argues that Whitehall and Westminster are 'broken'. He pledges to… UK Labour's Burnham: Ours will be a 10-year mission to raise living standards across the land Andy Burnham says Britain needs a 'complete rethink' about how to support the next generation to succeed He says the days of a school system configured entirely around universities will come to an end He pledges to expand technical education giving every young person a 'clear… UK Labour's Andy Burnham: We will safeguard sovereign manufacturing in critical sectors like steel, defence, energy, food and farming

Andy Burnham will pledge to deliver “good growth in every postcode” by overseeing a significant transfer of power out of Whitehall to local communities as he sets out his case for a decade as UK prime minister. In his first major speech since winning the Makerfield byelection, Burnham will argue for decision-making to be devolved to regions and communities ...

Deserted streets and parks, closed schools and cancelled public events. The recent heatwave in Europe brought back memories of the pandemic lockdowns. This time, however, it wasn’t a virus but record-breaking temperatures driving the disruption. European countries, including France, the UK, Switzerland and Germany, experienced their hottest days on record ...